Federal Home Loan Bank of San Francisco Awards $10 Million in 2025 Middle-Income Downpayment Assistance Grants

SAN FRANCISCO, Aug. 25, 2025 (GLOBE NEWSWIRE) -- The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) announced it awarded $10 million in 2025 Middle-Income Downpayment Assistance Program grants in partnership with 55 of the Bank's participating member financial institutions in Arizona, California, and Nevada. This year, 200 eligible first-time homebuyers received grants, making their dreams of homeownership a reality despite high housing costs. In the third year of the popular program, the $10 million in funding was fully reserved on a first-come first-served basis in just two weeks following the program launch in mid-March.

"For many families, these grants are the key to making homeownership a reality," said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. "We are proud to collaborate with our member financial institutions to provide this much-needed support to middle-income workers who are essential to their communities, yet often face financial barriers because of the high cost of housing in our region."

The program was designed to support middle-income workers who are essential to our local communities. It helps first-time homebuyers earning just ...